Southern Ute Tribe taps DLR Group for equestrian project

Filed under: real estate column |

Fountain Director of Planning and Deputy City Manager David Smedsrud and steering committee member Lynne Bliss.

DLR Group has been selected to provide architectural and engineering services for the design of an indoor, 50,000-square-foot Equestrian Event Center and ancillary facilities project being developed by the Southern Ute Tribe in Ignacio.
DLR is teaming with the American Indian firm iiná bá Inc. to provide services.
Ed Bledowski of DLR’s Colorado Springs office said the project represents a prominent facility for the Western Slope community.
“The indoor arena will provide the entire region with a world class venue for attending and viewing equestrian events,” he said.
Farmington, N.M.-based iiná bá will provide civil engineering, structural engineering and utility company coordination, including grading, water and sewer to the buildings.

Sales and marketing pros

The Sales and Marketing Professionals Society, a national membership organization that provides networking and education opportunities for business developers in construction, architecture, engineering and related fields, has expanded its reach into southern Colorado.
Until recently, local representatives traveled to Denver to attend meetings.
The steering committee is headed by Amy Fortier of RTA Architects and includes Lynne Bliss, a public relations consultant, Michelle Kinney of Mortenson Construction and geology/engineering consultant Debbie Carroll.
The group has a database of about 200 people who receive monthly meeting information. The committee hopes to create a Springs chapter. The goal is to assist members in locating projects and in getting to know the decision-makers who award them.
Seems to be an effective way to make contacts and build business during a challenging economy. Call Fortier at 471-7566 to get on the e-mail list.

Mortgage loans last

Faced with falling behind on home loans, credit card payments or car loans, borrowers are more likely to choose to let their mortgages slide than the other kinds of debt, according to a study conducted by Equifax, a consumer credit rating agency, which was reported this month by the New York Times.
Researchers looked at thousands of borrowers who had taken mortgages during 2002 and 2005 and tracked their payment behavior over a 24-month period. Borrowers during 2002 did better than their 2005 counterparts.
Of those in the 2002 sample who missed two mortgage payments during a two-year period, 26 percent maintained a “spotless” credit card payment history and 59 percent kept up with car payments.
Mortgage payments, Equifax found, continued to slide down the list of priorities three years later.
Of those in the 2005 sample who fell behind on their mortgages, 38 percent were current on credit-card payments and 62 percent made all their car payments. The study suggested that Americans seem to be living off their credit cards in order to make monthly budgets work — buying food, gas or withdrawing cash to pay their mortgages.

Transactions slow

The past few weeks have seen a number of commercial transactions completed, although not as numerous as last year at this time.
American Cedar Log Systems Inc. has leased 5,900 square feet at 2108 Victor Place from Victor One LLC.
The landlord was represented by Rich Kelly of Grubb & Ellis Commercial Real Estate and the tenant was represented by Michael Millsap of Symphony Partners.
The law firm of Shayne & Gasper LLC has leased 4,487 square feet at 128 S. Tejon St. in the Alamo Building.
It is joined by Colorado Springs Legal Copy LLC, which leased 631 square feet at the same address.
Finally, a group of legal practices, including Doug Price P.C., Bruce & Salt LLC and B.J. Fett, has leased 2,611 square feet in the historic structure.
Mark O’Donnell and Amanda Gadden of Sierra Commercial Real Estate represented the landlord, Matterhorn Development LLC, in all three transactions.
Becky Hurley covers real estate for the Colorado Springs Business Journal.